Social Impact Bond
This article is a placeholder. Only its topic and title are committed at this stage; the substantive body will be drafted in a future cycle of the engine.
An outcomes-based contract in which an outcome payer (typically a government) pays only when predefined outcomes are achieved by a service provider, with investors providing upfront capital and bearing the success/failure risk. The entry covers the canonical structure, the U.K. Peterborough origin, the distinction from pay-for-success contracts, and the practitioner’s view of where SIBs work and where they have disappointed.